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Dollar, Losing Luster,
Keeps Premier Status

Euro Makes Some Gains,
But U.S. Currency Is Likely
To Continue Dominance

By

Michael R. Sesit Staff Reporter of The Wall Street Journal

Updated Dec. 9, 2004 12:01 a.m. ET

The dollar's dominance as the world's premier currency isn't likely to end anytime soon, but it is seeing some of its status chipped away.

For most of the last century, the dollar has enjoyed an unparalleled position, beloved by central banks and big companies as the most solid and convenient way to hold money. That has provided enormous benefits to the U.S. Recently, though, the U.S. currency has at least seen its untouchable...